May 02, 2016 4:39 PM ET

Banks

Company Overview of Taipei Fubon Commercial Bank Co., Ltd.

Company Overview

Taipei Fubon Commercial Bank Co., Ltd. provides banking products and services in Taiwan, rest of Asia, and internationally. It offers a range of financial services, including loans, cash management, trade financing, financing for accounts receivable, syndicated loans, and foreign exchange-related and derivative financial products for wealth-management and risk-hedging needs; and operates as an agent for national and city treasuries in making loans and collecting taxes and fees, and other services. The company also provides deposits and remittances, investment and insurance, lending products, credit cards, and trust services; consumer finance and lottery services; corporate banking; and finan...

No.169, Ren'ai Road

Sec. 4

Da'an District

Taipei,  106

Taiwan

Founded in 1969

Phone:

886 2 2771 6699

Key Executives for Taipei Fubon Commercial Bank Co., Ltd.

Chief Financial Officer
President of Institutional Group, General Manager and Standing Director
Age: 54
President of Retail Banking Group
Age: 63
Senior Vice President of Planning Department
Compensation as of Fiscal Year 2015.

Taipei Fubon Commercial Bank Co., Ltd. Key Developments

Taipei Fubon Bank Reports Unaudited Earnings Results for the Month and Year to Date Ended December 2015

Taipei Fubon Bank reported unaudited earnings results for the month and year to date ended December 2015. For the month, the company reported net profits of TWD 22 million, due to the general provision requirement of 1.5% for China-related loans, and provisions of CNY 100 million in Fubon Bank China compared to net loss of TWD 1,224 million a year ago. Pre-provision operating profits were TWD 691 million. For year to date, the company reported net profits of TWD 17,578 million compared to TWD 18,242 million a year ago.

Taipei Fubon Commercial Bank to Close Los Angeles Branch

Fubon Financial Holdings announced that the board of directors of Taipei Fubon Commercial Bank has approved the closure of Los Angeles Branch. The Closure of Los Angeles Branch is subject to regulatory approvals from both Taiwan and USA.

Taipei Fubon Bank Announces Board Changes

Taipei Fubon Bank announced the appointment of Eric Chen as Director in place of Benny Chen as Director, effective from June 12, 2015.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 24, 2016
Taipei Fubon Commercial Bank Co., Ltd., Performing Loans Portfolio
Merger/Acquisition
October 20, 2015
Taipei Fubon Commercial Bank Co., Ltd., Performing Loans Portfolio
 

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